PM Ismail Sabri calls on the US to actively engage in the Asean trade discussion

Malaysia – Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob today encouraged the US to pursue a more aggressive trade and investment strategy with the Association of Southeast Asian Nations (Asean), claiming that doing so would benefit Washington both economically and diplomatically.

Ismail Sabri expressed some of the displeasure felt in Asia after former President Donald Trump exited a regional trade treaty in 2017. He spoke in Washington, where Asean leaders are gathering for a two-day meeting with President Joe Biden.

He described the United States as Asean’s most significant commercial partner and biggest foreign direct investment, with two-way commerce of US$308.9 billion (RM1.36 billion) in 2020.

The Covid-19 outbreak, Ismail Sabri said a gathering of US business executives and other Asean officials, has highlighted the need of international commerce and collaboration, as well as the interlinking of regional supply networks.

“As a result, the United States should pursue a more aggressive trade and investment agenda with Asean, which would benefit the United States both economically and strategically,” he added.

Related Posts

Ismail Sabri cited the Regional Economic Comprehensive Partnership (RCEP), a Chinese-backed effort that Asean regarded as a critical instrument for reviving regional business and economic activity by significantly lowering trade barriers.

He estimated that there were 6,200 US firms operating in Asean, with many of them using the area as a manufacturing base for exporting within the region and beyond.

“To accelerate their development, I would urge US firms to take advantage of the world’s biggest free trade agreement, which covers 15 nations and includes 2.3 billion people, or about a third of the world’s population and GDP,” he added.

Last October, Biden announced at a virtual summit with Asean that the US will begin discussions on developing an Indo-Pacific Economic Framework (IPEF) to engage more with the region as the US strives to counter China’s growing influence.

Given his concern for American employment, this would try to define regional cooperation norms, but it does not now provide the wider market access that Asian countries want.

Katherine S

1/4 German, 3/4 Malaysian. I write, follow and monitor closely political news happening in Malaysia, and other happening news in the ASEAN region. Newswriter for the best ASEAN news website - The Asian Affairs.

Recent Posts

Shooting concludes: Stranger Things 5 to release on Netflix in 2025

Created by the Duffer Brothers, Stranger Things is one of the most popular sci-fi horror series globally. It is set…

December 21, 2024

China’s Hypersonic Expansion in Asia Raises Alarms for India

According to the US Department of Defense, China has now produced the most sophisticated supply of hypersonic weapons in the…

December 21, 2024

Melaka International Halal Festival 2024

The Melaka International Halal Festival 2024 aims to turn the city as the prime center of the Halal products and…

December 21, 2024

Chunichi Dragons Renews the Contract of Hiroto Takahashi with Annual Salary of 120 million yen

On Saturday, the stalwart of Chunichi Dragons Pitcher, Hiroto Takahashi attended the negotiation for his contract renewal for the next…

December 21, 2024

Biden-Harris administration cancels another $4.28 billion in US student loans

US President Joe Biden has cancelled another $4.28 billion in student loans for nearly 55,000 people across the country, the…

December 20, 2024

The Colorful SCTV 2024 Carnival: Programs, Date, Venue & Timing

Music, dance, celebration and mesmerizing stage performances before the fans who are at the peak of their enjoyment, is the…

December 20, 2024

This website uses cookies.

Read More